Cramer's 'Mad Money' Recap: Raytheon Roars

Moreover, Conoco is operating on the belief that high oil prices are here to stay, Cramer said. "High oil is about supply or the lack there of," and Conoco is the way to own it.

Cypress Semiconductor's New Chip

Many people are squeamish about owning shares of semiconductor companies now, but Cramer said Cypress Semiconductor (CY Quote) is the stock in this sector that people should take a look at and consider buying.

He welcomed the company's CEO T.J. Rodgers to the show and asked him about the products Cypress is coming out with.

Rodgers said the company's "hottest new product" is an "extraordinarily flexible" chip that can be used in various products such as the e-bike, the Nordic track treadmill and the iPod.

Rodgers said Cypress is not seeing slowdowns in its end markets. In fact, he added, the company recently had a "blockbuster" quarter and is seeing strong consumer demand.

According to Rodgers, Cypress also owns a little more than half of SunPower. He said the businesses are different enough that when the tax restrictions come off, Cypress plans to distribute SunPower in some way to shareholders so they can take advantage of that holding.

Cramer called Cypress "the cheap way" to own SunPower. With it, investors get Rodgers and a great company, he said.

The Risk of Making Too Much Money

Making too much money in a short amount of time is a disease that infects portfolios, Cramer said, adding that fortunately, it's easy to detect and fix.

If market players made too much last week, it could be because they are overexposed in the troubled housing stocks, Cramer said. That is when plays like MBIA (MBI Quote) and MGIC Investment (MTG Quote) were up significantly.

These stocks already have gone lower, but are likely to come down even more because there is every reason for them to go down and no reason for them to go up, he said. Therefore, they should be sold right now.

"Making too much money also means you're not diversified enough," Cramer said.

'Sudden Death'

During the "Sudden Death" round, Cramer was bullish on EMC (EMC Quote), which he owns for Action Alerts PLUS.